Malaysia brain drain initiative

Though foreign investment in Malaysia has increased from 1.4bn in 2009 to almost 9bn in 2010, a World Bank reports that there might be some economic instability due to the “brain drain” affecting the country’s young professionals. Few domestic opportunities force educated workers to outside markets where the Malaysian economy does not necessarily see benefits from their work.

The Malaysian Prime Minister Datuk Seri Najib Tun Razak announced a “Talent Corp” to address the problem. One angle is to continue to seek foreign investment in Malaysian companies. Another seeks to offer a 15% flat tax rate for 5 years to those Malaysian professionals returning home. He also promised many other initiatives to combat the problem of the “brain drain”.

Though foreign investment in Malaysia has increased from 1.4bn in 2009 to almost 9bn in 2010, a World Bank reports that there might be some economic instability due to the “brain drain” affecting the country’s young professionals. Few domestic opportunities force educated workers to outside markets where the Malaysian economy does not necessarily see benefits from their work.

The Malaysian Prime Minister Datuk Seri Najib Tun Razak announced a “Talent Corp” to address the problem. One angle is to continue to seek foreign investment in Malaysian companies. Another seeks to offer a 15% flat tax rate for 5 years to those Malaysian professionals returning home. He also promised many other initiatives to combat the problem of the “brain drain”.